“I’m never going to buy another American car,” said an American colleague yesterday. “The quality just isn’t there…” On the other hand, we have a French friend who swears his Corvette is the most trouble-free car he’s ever owned.
December 8th, 2008 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "mr. market"
Stock Market Continues Its Recovery
Yesterday, the stock market continued its recovery. The Dow was up 247 points. Oil sank to $54. Gold lost $7.40 to come to rest at $811…
November 28th, 2008 | Bill Bonner | 4 comments | Continued
Investor Gains in This Century Have Been Corrected
Almost all the gains made by investors in this century have now been corrected. Dan Denning sends us over this chart:…
November 24th, 2008 | Bill Bonner | 0 comments | Continued
Marshalling the Armies of Inflation
Is Mr. Market schizophrenic? He’s acting like it. Just before 1pm on Friday, the All Ordinaries traded at 3,201. The market was bad and getting worse. Then, shares rallied nearly 5.7% for the rest of the day. The All Ords closed up 54 points on the day. But from the intraday low to the close, it was more like 186 points. Now that’s what we call a bounce back! Maybe Mr. Market had a few martinis for lunch and came back in a reckless mood…
November 24th, 2008 | Dan Denning | 2 comments | Continued